368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
1563 Allen Place, London East, ON N5W 2V9
$1,239,000
  • Sale
  • Multiplex
  • 33 days ago
  • Updated: 2026-02-18

Overview

  • Multiplex
  • 16
  • 6
  • 10
  • 3500-5000
  • N/A

Description

Investor Alert! Welcome to 1563 Allen Place, a well-maintained six-plex offering exceptional cash flow potential in a sought-after London location. This solid income-producing property features five 3-bedroom units and one 1-bedroom unit. Current gross annual income exceeds $102,900. The property includes an on-site coin-operated laundry (owned) for additional revenue and is self-managed, keeping operating costs low. Estimated monthly expenses average $2,238, including insurance, taxes, cleaning, hydro for common areas, and snow removal, resulting in an impressive projected NOI of $76,000 per year. Tenants enjoy spacious layouts, ample parking, and proximity to Western University, Fanshawe College, shopping, parks, and public transit, making this a highly desirable rental location with consistent demand. With stable tenants in place and rental growth on the horizon, this property is a turnkey addition to any investor's portfolio. Whether you're expanding your holdings or looking for a reliable income property in London's rental market, 1563 Allen Place offers the perfect balance of steady income, future growth, and low management overhead. Full Income/Expense Summary can be found in Documents.

Details

  • X12768656
  • 10
  • $1,239,000
  • Tenant
  • None
  • 6 + 6
  • 2-Storey
  • 16
  • 6
  • 3500-5000 Sqft
  • N/A N/A
  • N/A
  • Multiplex
  • Sale

Additional details

  • Radiant / Other
  • R8-1
  • $10276
  • 2025
  • LOT 9, PLAN 894 LONDON/LONDON TOWNSHIP
  • N/A
  • N
  • Other
  • Window Unit(s)
  • Municipal

Schools Nearby

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FAQ

  • What is the total square footage of the X12768656 - 1563 Allen Place, London East, ON N5W 2V9?

    The total square footage of this property is 3500-5000 SqFt.

  • What schools near to X12768656 - 1563 Allen Place, London East, ON N5W 2V9?

    .

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